In a report published on November 12, 2026, at 14:49 (UTC+8), Odaily cited Huma co-founder Richard Liu on recent HUMA market volatility. Liu said the Huma Foundation and its affiliated entities had made no HUMA trades in the preceding three months and planned not to sell tokens during the upcoming unlock window.
Liu attributed part of the market activity to an October 22 hack of an early liquidity provider’s wallet, after which approximately 12 million airdropped HUMA were sold. He also said HUMA perpetual-contract open interest rose from about 620 million to 1.1 billion tokens between November 2 and November 7. According to Liu, funding rates turned negative on November 4, and perpetual-contract trading volume reached seven to ten times spot volume. He suggested that recent activity appeared to be concentrated in the perpetual market.
Liu also said the Huma Foundation had provided HUMA’s decentralized-exchange liquidity since the token generation event. His statements about foundation trading and its plans for the unlock window are attributed claims, not independently verified figures for token supply or future sales.